Anatomies of Severance and Release Agreements

On July 16, 2014, Morgan Lewis’s Employee Benefits and Labor and Employment Practices hosted our final installment of the Executive Compensation Basics Webinar Series on severance and release agreements.

Severance and release agreements can vary greatly. Parties must carefully consider the terms of these agreements to ensure that they are enforceable and meet the parties’ goals.

Topics included:

• A review of key provisions in severance and release agreements
• Recent Equal Employment Opportunity Commission developments with respect to release agreements
• Noncompetition, nonsolicitation, and confidentiality covenants
• Tax traps for the unwary: section 409A
• Continuation of health and other benefits post-termination